Feds don't have 'infinite' money to spend on Toronto, Freeland tells Chow

Philippines News News

Feds don't have 'infinite' money to spend on Toronto, Freeland tells Chow
Philippines Latest News,Philippines Headlines
  • 📰 CTVToronto
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 84%

Federal Finance Minister Chrystia Freeland says the Government of Canada is already spending plenty of money on the City of Toronto and won’t be coming to the table with additional funds to address the city’s fiscal crisis.

In a letter to Mayor Olivia Chow, Freeland said the federal government will continue to be “a committed partner for the City of Toronto” but added that “the ability of the federal government to spend is not infinite.”

Chow, who was just elected mayor weeks ago in special byelection, inherited a city facing difficult financial circumstances. The city has also petitioned the federal government recently to spend more to take care of refugees and asylum seekers who have been turning to the municipal shelter system. Toronto’s many Liberal MPs, of which Freehand is the highest ranking, had mostly been silent on the issue as the feds faced criticism.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CTVToronto /  🏆 9. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Freeland rejects Toronto’s bailout request, says Ontario in ‘excellent fiscal position’ to helpFreeland rejects Toronto’s bailout request, says Ontario in ‘excellent fiscal position’ to help‘Ontario has both the constitutional responsibility and the fiscal capacity to support Toronto,’ the federal Finance Minister writes to Toronto Mayor Olivia Chow
Read more »

Politics This Morning: Guilbeault to make climate change announcement in Montreal; federal byelection in Calgary Heritage, Alta.; and Ng, Tassi, Freeland in TorontoPolitics This Morning: Guilbeault to make climate change announcement in Montreal; federal byelection in Calgary Heritage, Alta.; and Ng, Tassi, Freeland in TorontoCarolyn Bennett will make an announcement in Toronto, Randy Boissonnault will make an announcement in Edmonton, and NDP Leader Jagmeet Singh is meeting Northwest Territories Premier Caroline Cochrane in Yellowknife.
Read more »

Hundreds of business groups urging Freeland to extend emergency loan repayment deadlineHundreds of business groups urging Freeland to extend emergency loan repayment deadlineBusiness groups across Canada are pleading with the federal government to grant them more time to pay back emergency loans offered during the COVID-19 pandemic.
Read more »

Musk Rebrands Twitter to X, battles Altman's Worldcoin for control of the future of financeMusk Rebrands Twitter to X, battles Altman's Worldcoin for control of the future of financeTwitter has been rebranded to X as part of owner Elon Musk’s plan to create an “everything app” that could one day become
Read more »

Canadian Chamber of Commerce joins calls for extension of CEBA repayment deadlineCanadian Chamber of Commerce joins calls for extension of CEBA repayment deadlineOTTAWA — The Canadian Chamber of Commerce and a coalition of industry associations have joined calls for the federal government to extend the deadline for small businesses to repay pandemic loans received through the Canada Emergency Business Account program. A letter to Finance Minister Chrystia Freeland on Monday urges her to push back the repayment deadline by two years to the end of 2025, or at least by one year, while allowing businesses to maintain access to the forgivable portion of up to
Read more »

Toronto police officer struck by car in Parkdale; 2 suspects soughtToronto police are looking for two suspects who fled the scene after striking an officer with their vehicle in Parkdale this afternoon.
Read more »



Render Time: 2025-03-04 12:34:32